Guideline Value for DHASTHAGIRI GROUND

Dhasthagiri Ground guideline value

The current guideline value of Dhasthagiri Ground is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Dhasthagiri Ground has changed

The guideline value for Dhasthagiri Ground has seen several revisions over the years. The earliest recorded value was Rs 612 per sq.ft in 2002. This increased to Rs 680 per sq.ft in 2003, marking an increase of 11%. The value further rose to Rs 900 per sq.ft in 2007, a significant jump of 32%. By 2012, the value was Rs 3,000 per sq.ft, reflecting a substantial increase of 233%. However, it decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024, which is an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 439%. There are no figures available for the years not listed in the register for this street.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, positioning Dhasthagiri Ground's 2024 figure below the median.

• Dharmaraja Thottam: Rs 3,300 per sq.ft (2024)
• Dooming Kuppam: Rs 3,300 per sq.ft (2024)
• Dooming Lane: Rs 4,900 per sq.ft (2024)
• Dr. Besant Road: Rs 13,200 per sq.ft (2024)
• Dr.D.G.S.Dinakaran Salai: Rs 17,600 per sq.ft (2024)
• Dr. Natesan Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhasthagiri Ground

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fees would be Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhasthagiri Ground?

The Sub Registrar Office that covers Dhasthagiri Ground is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mylapore

The guideline value plays a crucial role in the registration of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhasthagiri Ground?

The current guideline value of Dhasthagiri Ground is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, increasing from Rs 612 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, which is an overall increase of 439%.

What is the stamp duty for property in Dhasthagiri Ground?

The stamp duty for property in Dhasthagiri Ground is 7% of the guideline value or the sale price, whichever is higher.

Where is the Mylapore Sub Registrar Office located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How many streets in Mylapore have a guideline value?

There are a total of 883 streets in Mylapore under the Mylapore SRO that carry a guideline value for 2024.